Commercial Property
Prime office rents extend run after rising 5.2% in Q4
Prime office rents extend run after rising 5.2% in Q4
Admiralty and Sheung Wan led the charge after rising 11% and 9% respectively.
Central office tower loan may balloon as lead investor ditches sale
After China Energy withdrew, the $16.08b loan pricing rose 10bps.
Flexible workspace take-up hits 350,000 sq ft in 2017 despite stiff landlord stance
Operators had trouble accessing Grade A buildings and instead redeveloped Grade B properties.
Chinese energy investor ditches Li-Ka Shing office tower sale
New investors Hui Wing Mau and Pollyanna Chu Yuet Wah will take 20% and 17% stake to fill in the vacuum.
Office net take-up hits 209,900 sq ft in January
Hong Kong East and Kowloon outpaced Central as they led the shift towards decentralisation.
20 building plans approved in December
Of that figure, 9 were for apartment and commercial developments.
Property transaction volume balloons 171% to US$7.4b in Q4
The office sector remains in hot demand with capital values rising 17.5%.
Co-working spaces eye expanding to Kowloon
Less intense competition from traditional office operators lures them in.
Depressing turnout halts marketing of $24.5b Mongkok office tower
High asking price and less-than-ideal location discouraged Mainland buyers.
Lok Ma Chau zoning plan approved
The area for redevelopment covers about 104 hectares.
Hong Kong dominates APAC commercial property investment market
It broke Tokyo’s ten-year streak after snapping $20.91m in sales volume.
Kwu Tong South draft zoning plan approved
The area for land development covers approximately 525 hectares.
Tender up for Tsing Yi non-industrial site
The invitation will commence on February 15 and close on April 6.
Office investment volume balloons 408% to $53b in Q4
Total spending by Mainland investors hit $24.9b as they aggresively snapped up office deals.
Check out this hot business district that can potentially overturn Central
An office from this area houses Facebook amongst its other blockbuster tenants.
Mega industrial transactions hit $8.02b in Q4
Investors are pitching in as the government eyes an industrial revitalisation scheme.
Acquisition of Central skyscraper may post the largest property loan at $33b since 2015
A Chinese-led consortium is seeking to acquire billionaire Li Ka-shing’s The Center.
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